CBN Begs Bandits, Terrorists to Drop Their Guns and Borrow Money From FG
- Digital currency will soon become a reality in Nigeria according to Godwin Emefiele
- This comes as the Central Bank governor Godwin Emefiele, urged criminals to borrow money and do business
- Emefiele said they can be more productive to themselves and the country
PAY ATTENTION: Join Legit.ng Telegram channel! Never miss important updates!
The Central Bank of Nigeria (CBN) has called on bandits and other criminal elements in the society to stop their crimes and key into the apex bank’s Anchor Borrowers’ Programme (ABP).
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said this while addressing journalists after a two-day meeting of the Monetary Policy Committee in Abuja, Premium Times reports.
Source: Getty Images
He said those involved in criminality can be more productive by embracing the apex bank’s scheme.
He said:
“If you want an economy to grow, the level of insecurity must be low because if there is a high level of insecurity like what we see today, the economy will suffer."
“I, therefore, would like to appeal to our brothers, who decide that they want to live in bushes and forests, that they should please, begin to retreat, drop their arms and come and embrace the anchor borrowers’ programme."
“If they do so, it will help them; if they choose not to do so, they will be confronted by the security as this battle continues.
“I am optimistic before the end of the year that the security challenges confronting the country will substantially abate.”
Meanwhile, Legit.ng had reported that the Naira for Dollar Scheme of the Central Bank of Nigeria (CBN) has been extended by the financial regulator as the Federal Government plans to attract more remittances through official channel.
In March, the CBN had introduced the Naira for Dollar Scheme to redirect remittances that are outside the banking system. Through commercial banks, the CBN was offering N5 for every dollar exchanged at the bank.
The initiative was expected to mop up funds circulating outside the reach of the central bank, with a deadline date of May 8, 2021. The deadline has now been extended until further notice.
Legit.ng had also reported that a couple was accused of defrauding many Nigerians through their forex and investment company named SU Global.
The investment company had allegedly scammed unsuspecting investors about N50 million to N3.5 billion. According to one of the victims, it was stated that the couple got married recently without paying victims their money.
It was learnt that investors had been lured with 20 percent to 350 percent return on investment, but neither initial capital invested or profit was given to the investors.
Source: Legit.ng
